Quote on National Startup Day (16 Jan) by Archana Khosla Burman, Founder Partner, Vertices Partners

“The National Startup Day celebrates the spirit of innovation and the emergence of India as the third largest start-up ecosystem in the world.  It also underlines the role of our vibrant start-up ecosystem in the country’s economic growth in terms of employment generation and introducing disruptive and futuristic business models. As geopolitical developments and the probability of a global recession have made investors cautious, there is an urgent need to formulate enabling policies to boost investments in start-ups so that the sector can carry on with its growth momentum. The government has been supporting the start-up ecosystem to realize its growth potential, which is quite encouraging. In line with the government’s vision for building a vibrant start-up environment, the budget needs to have proposals to encourage start-ups to increase spending on innovation to achieve the next level of growth. The budget needs also to propose a single-window policy for all regulatory and registration–related approvals to fast-track the growth of the start-up ecosystem.”